Natixis Advisors LLC Has $2.87 Million Stock Holdings in Mr. Cooper Group Inc (NASDAQ:COOP)

Natixis Advisors LLC grew its stake in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 9.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,956 shares of the company's stock after purchasing an additional 2,093 shares during the period. Natixis Advisors LLC's holdings in Mr. Cooper Group were worth $2,865,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Invesco Ltd. increased its stake in Mr. Cooper Group by 5.2% in the fourth quarter. Invesco Ltd. now owns 1,800,369 shares of the company's stock valued at $172,853,000 after acquiring an additional 89,544 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Mr. Cooper Group by 13.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,057,176 shares of the company's stock worth $126,438,000 after buying an additional 129,414 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Mr. Cooper Group by 16.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 871,902 shares of the company's stock valued at $83,712,000 after buying an additional 125,897 shares in the last quarter. Northern Trust Corp grew its position in Mr. Cooper Group by 6.8% in the fourth quarter. Northern Trust Corp now owns 835,369 shares of the company's stock valued at $80,204,000 after acquiring an additional 53,534 shares during the period. Finally, Cercano Management LLC raised its stake in Mr. Cooper Group by 66.5% during the fourth quarter. Cercano Management LLC now owns 790,753 shares of the company's stock worth $75,920,000 after acquiring an additional 315,801 shares in the last quarter. Institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Price Performance

Shares of NASDAQ COOP traded down $4.88 during midday trading on Thursday, hitting $185.88. The stock had a trading volume of 656,653 shares, compared to its average volume of 1,184,779. The firm has a market cap of $11.89 billion, a P/E ratio of 21.27 and a beta of 0.98. Mr. Cooper Group Inc has a fifty-two week low of $83.80 and a fifty-two week high of $193.86. The company's 50-day simple moving average is $151.13 and its 200 day simple moving average is $126.38.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $3.13 EPS for the quarter, missing analysts' consensus estimates of $3.28 by ($0.15). Mr. Cooper Group had a return on equity of 15.66% and a net margin of 25.38%. The firm had revenue of $608.00 million during the quarter, compared to analyst estimates of $669.23 million. During the same quarter in the previous year, the business earned $3.10 earnings per share. Mr. Cooper Group's revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts expect that Mr. Cooper Group Inc will post 13.17 EPS for the current fiscal year.

Insider Buying and Selling at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $174.72, for a total value of $5,241,600.00. Following the transaction, the chief executive officer directly owned 663,187 shares of the company's stock, valued at approximately $115,872,032.64. This trade represents a 4.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.73% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group upped their target price on shares of Mr. Cooper Group from $110.00 to $150.00 and gave the stock a "hold" rating in a report on Tuesday, July 22nd. Barclays upped their price objective on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. UBS Group set a $176.00 target price on shares of Mr. Cooper Group in a research note on Tuesday. Finally, Piper Sandler increased their price target on Mr. Cooper Group from $143.00 to $158.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $140.38.

About Mr. Cooper Group

Mr. Cooper Group Inc, together with its subsidiaries, operates as a non-bank servicer of residential mortgage loans in the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, customer service, modifying loans, performing collections, foreclosures, and the sale of real estate owned.